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CNBC
Aug 17, 2009 4:00am EDT
be off the on markets like india in particularly actually. >> mark, this is christine again. one story we're focusing on, china's wealth fund, cic to buy u.s. mortgages. what does it say about the chinese appetite for u.s. trishes, and is this an ideal investment for the chinese? >> gee, i didn't see that news headline. i would say $2 billion isn't a lot of money for china. it's a lot of money for the rest of us but not for china. the chinese have been very explicit they want to take advantage of the weak prices globally to make acquisitions. they've been trying to make acquisitions in resources around the world. i don't read anything huge into it. sorry, christine, not one way or the other. >> thanks for joining and sharing your thoughts with us. mark matthews and aaron snipe. >>> banker bonuses under attack from all sides in the u.k. chancellor alstair darling told the sunday times he will change the law to ensure compensation is not paid to employees whose actions put banks at risks. the comments come with reports from bar clays is offering a massive package for several employees being
CNN
Aug 14, 2009 6:00am EDT
. and also, how about this? an idea to curb an explosion in population growth in india. guess what the idea is. >> yeah, this is one that you wouldn't think about. we'll tell you what it is coming up. 24 minutes after the hour. ♪ >>> well, could shows like letterman and conan be considered birth control? well, india's health minister thinks so. he's out with startling advice about sex this morning. we'll let sarah take it from there. we're all curious, what's this all about? >> reporter: well, john and kiran, there are a lot of people laughing at this idea of using television as a way to keep people from making babies here in india, but the population issue is a big one here. just take an idea about this. listen, india has more than three times the number of people as the u.s. crammed into about 1/3 of the space. so as you might imagine, the population growth and population control are a big deal because of resources, the environment, and also just the standard of living. but let's just hear what people and how people reacted to this latest idea of using television to keep people from hav
CNBC
Aug 4, 2009 3:00pm EDT
employees are in india. >> the majority of our employees. >> how did you feel when president obama earlier this year talked about providing tax benefits for companies that provide jobs in boulder rather than bombay? >> look, i think that the critical thing to focus on here is how do we get the economies of the world around the world healthy most quickly. the quickest way to do that is to give companies in different parts of the world access to the best talent regardless where that talent is located around the world. there is tremendous talent available in the united states and we are active employers here in the united states. we have 12,000 people in the united states. but equally we've got talent around the world in india, in china, latin america. and we think the best way for to us help our clients be stronger businesses is by givinging you access to that global talent pool. >> state of economy, where are we when you look around the world in terms of whether or not we're going to finally recover here? >> i don't have a crystal ball on the economy. our planning assumption is that the eco
CNBC
Aug 7, 2009 4:00am EDT
in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change tax slide, a large part of the rally in europe has been from financials. but we heard from rbs today who added realism. >> yes, they did. it has been an amazing week. yes, we were very glad the it's all over. what a week for banks. the good, the bad and the ugly. well, if the ugly is royal bank of scotland today, then we can actually live through it. but you know, the bottom line is that there's still a massive write-off here. banks are not performing in the way, the manner which they need to. there's a lot of clearing of decks to do and there's a lot of change of strategy still to come. but well done to those like hsbc a
CNBC
Aug 13, 2009 4:00am EDT
china is about 30%. if you look at 40 years down the line, china and india will be above that. so you have an enormous structure taking place and, therefore, a strong engine of growth. clearly, if the u.s. consumer was going to collapse again, i don't think the chinese, indian, brazilian consumer would be able to compensate. but if we have a stabilization, as i believe we will have in the western economies, i think that the marginal call is going to be on the emerging economies and i think that's the engine of growth. >> manford, what do you think? to believe what virginie said makes you think asia can decouple with what's going on in the rest of the world. >> i have to agree with her to a larger extent. the asian consumer is becoming more important. but the absolute numbers don't show it. it shows an increasingly large consumer. but we need the situation where the u.s. consumer does recover to at least a moderate extent. i don't think complete decoupling is a possibility. >> mamprett gill, thank you, thank you, virginie, as well. >> thank you. >>> west lb is refusing to comment on su
CNBC
Aug 18, 2009 9:00am EDT
of india, july imports 68% year over year. exxon mobile and petro china, $41 billion deal for gorgon project in australia. but that is making major news in the gas complex today. mark, back to you. >> a rally in asia overnight. let's check out some numbers. shanghai composite, jumping 1.4% a day after suffering its biggest loss of the year. bombay sensex up 7%. what's going on in europe, guy? >> we are in positive territory at the moment, but as you can see the cac is off. barely in positive territory. the story remains very, very cautious. volatility is down fractionally but nonetheless looking at a very, very nervous market. let me show because we've done today. the housing data did have a big impact on the markets, dragging us down and stoxx 600 is up by 0.5% at the moment. let me talk about the data points out today. uk inflation is very, very stick y it's still positive, one of the on the advanced economies that still have economy at 1.8. you strip out mortgages that number goes negative. the survey out of europe very positive as well. making pointing to a positive g3 for the ge
CNBC
Aug 31, 2009 4:00am EDT
on india? we have the economy growing 6.1% in the june quarter. how sustainable is it once this sort of stimulus kind of wears off? >> well, it seems that, you know, all those countries that have been hit much harder than the u.s. itself, the u.s. was the epicenter of the crisis, but all the asia countries have been hit much harder and have fallen down further. so they rebound also in a stronger fashion. i think this is just a rebound of, you know, looking like more recovery potential. but i think, you know, as the u.s. is also picking up speed now in the third quarter. we should be quite a sustainable recovery across asia. >> yeah. we also have in japan, of course, a new government in place. we also have mixed data coming out, japan today. we have industrial output better than expected growing 1.9% in july, but retail sales also falling in july, as well. how do you think all of this is going to weigh on the bank of japan? >> well, we think that the bank of japan is going to keep the monetary policy for a considerable period of time. but certainly what we are now seeing is at least i
CNBC
Aug 6, 2009 4:00am EDT
talking you with you. thank you very much. let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind of recovery that we have seen today. so a couple of these counters and not just the heavyweight counters, development credit bank amongst the midcap banks had been showing you gains of about 5 odd percent. you've got axis bank is holding up by about 1.5%. icici bank, over a 3% move. l&t is doing out quite well. in the meantime, we have got a couple of news reports, still unconfirmed, that india plans to sue the euro union at the world trade organization at the wto for allowing big pharmaceutical companies to detain engine nettic drugs in transit to developi
CNBC
Aug 11, 2009 4:00am EDT
choir talking to us live from long congress. >>> from talking about china, let's talk about india. ayesha faridi joins us live from india for the indian bit report. >> thanks for that, christine. the markets have picked up. 4,500 is back for the nifty. similar is the case for the sensex, as well. so you do have those pockets which actually give up their gains in yesterday's trade. for example, the entire auto basket is holing up strongly. tata motors is notching a 6.5% gain and you have the entire sugar pack on the kind of prices forming up. the entire sugar sector is picking up very, very much. we are picking up reports that the government has indeed chosen strife arkalap to be the generic formulation of tamiflu. they haven't got an official word from the government in terms of the kind of orders that they may actually bag and what sort of price appreciation or rather margin bump up it may lead to, but the stock itself is holding up very, very strongly in trade. meantime, 161 strains have been confirmed. with that, it's back to you. >> ayesha, thank you very much. in asia, yanzhou coal has agre
CNBC
Aug 20, 2009 4:00am EDT
figures. outlook for the emerging markets, especially for india, that was very reassuring to investors. but holcim says it doesn't see a recovery before next year. are a part from that, we're watching ubs after the swiss government says said it will sell its ruffle 9% stake in the market until august. that will probably be somewhere around 70 so it will leave the swiss government with a nice profit here. overall, analysts are a bit more bullish especially that we heard the u.s. sacks has been signed yesterday and two major obstacles for ubs are out of the way. before i let you go, let me mention the swiss access data, we saw a drop of 27% from july so a small improvement compared to june when we saw a drop of 28%. that is it from zurich. >> thank you very much, carolin. the volumes are very low today. the french mngt is bouncing back after a flat session yesterday. total, the largest french oil producer, is up 2.3%. oil services, they are doing well on the back of increasing oil prices yesterday. also in good shape today, almost % higher, the dugmaker is boosted by a decision in the u.
FOX
Aug 10, 2009 5:00am EDT
on the premise that the rising middle class in places like india and china will want to drive around in cars like we do here in the u-s. that will drive up the demand for at a time when supply may have reached its peak. 'supply goes down and demand goes up. its economics 101, price is going to go up." $12 per gallon "12 dollars per gallon will be a turning point in america. they will move out of the exurbs and move to higher-density, walkable communities." for some, leaving the single family home in the sububs for a more tightly packed apartment building may mark the end of the american dream. but steiner sees things differently. "the american dream is really about happiness. that isn't going to change. people will be surprise by how easily they can adapt from a single family home to sharing two walls in a town home." $14 per gallon at 14 dollars a gallon, steiner forecasts an end to big box stores like target and walmart. "when gas prices go pas $14 a gallon, the walmart model built on the price of cheap gas, the only reason it works because of cheap oil, will not be tenable." 80 percent of
PBS
Aug 10, 2009 7:00pm EDT
economies, india, china. those consumers will spend more. their spending rates will come down and we will have the goods and services to sell to them. >> susie: let's hope they do buy things made in the usa. gentlemen both thank you so much for coming on the program. we really appreciate it. >> thank you, thank you. >> susie: kenneth rogoff of harvard university and mark zandi of moody's economy.com. >> paul: health care reform is the hot topic for congressional lawmakers on august recess and for their constituents. today, the insurance industry's lobbyist told reporters the battle over reform will be decided this month. the debate has centered on how to best cover uninsured americans. but a key issue: medical malpractice has been largely ignored. as stephanie dhue reports, some doctors say it shouldn't be. >> reporter: for capitol orthoapedics, apparently on the bottom line. the practice spends nearly a quarter million dollars each year on malpractice insurance premiums. dr. stephen rockower says the fear of being sued also leads to defensive medicine. >> i order a lot of tests th
CNBC
Aug 27, 2009 4:00am EDT
this market. and the sensex in india, only market trading on the up side right now, up 0.3%. overall, a weak picture here in terms of crude oil and nymex crude. down 21 cents. concerns about global demand weighing on this, nymex, $71.22 a barrel. brent is falling, as well, down 30 cents, $71.35 a barrel. mike, good to see you. how are the futures looking today? >> good afternoon, christine. good to see you, as well. and the futures at this point are looking like the dow is going to shoot for straight eight with seven consecutive days tying its longest win streak of the year. it looks like we could have a mixed open at least in about 5 1/2 hours time from now. moving on to the treasury market on the back of another relatively successful auction yesterday of two year notes and ahead of another auction today of seven year notes, we do see the bund yield creeping up at 3723%. yesterday, the price went up just a little bit on the benchmark ten year t-note and the yield came down and that trend is continuing, although it's basically unchanged with yesterday's close right now at 3.43%. and then mov
CNBC
Aug 3, 2009 4:00am EDT
of inflation especially in areas such as india and china, if we start to see areas there, we'll see commodities sustained. i am against ru bin on this particular point.t. i think we will see a stronger move ahead. it's more inflation led. the cost of money being so low at the moment that's driving that price. if we start to see a tightening, then the commodity rally westbound able to be sustained. >> martin, always a pleasure speaking to you. xw >>> shares in barclays trading higher after a profit jumped 8% in the first half to just under $5 billion. the numbers were shy of forecast after impairment charges on corporate and consumer loans jumped 86%. the profit of the group's investment dropped from a year ago thanks to the acquisition of lehman brothers and commodity revenu revenues. speaking first, the president bob diamond, said the bank is getting conservative. >> it's getting easier and easier to see exactly how it's going to play out. we are expecting a difficult second half in the year in terms of provisioning. that's part of our plan. >> in china, more signs that the government is putti
CNBC
Aug 18, 2009 4:00am EDT
for joining us. let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an extremely high weighted in the index, that counter is flattened. but the rest of the market is looking good. telecom is definitely in focus. reliance communications now, we are expecting up from our sources that reliance communications is in talk for source based information up now. but that counter is holding up. more update coming in part and mtn, the deal is currently on and our sources indicate that the board will be meeting today. if it is conclusive, we can expect some agreement from the deal in the next ten days. the going has been good for that one. the metals space and the real estate
CNBC
Aug 25, 2009 3:00pm EDT
and india and they're going to be growing very, very rapidly. >> that's where the fish are. fish where the fishes are, right? $1.33 billion people in china. >> larry, do you see a move of that magnitude over the next two years? i see growth, recovery, a little bit slow. the consumer may be out of the fetal position, but not really doing a whole heck of a lot right now. that's two-thirds of the economy at least. >> we're bullish. i don't know that we're that bullish. that's a lot to expect given how far we've come. i think you're right. the consume ser truliry weak. retail sales rely lousy. let me put it this way though you. need a weak consumer to prevent a real recovery. in other words, a few quarters of 5 or 6% growth but the consumer comes after the labor market gets going. i think the risk is you get a normal recovery. people are surprised. that will keep this market going. down the road in a couple years, i think where you run into trouble, they've got at some point they have to withdraw some of the stimulus. we can't run these deficits. that's why i'm not so bullish to say 50% hi
CNBC
Aug 26, 2009 3:00pm EDT
's basically the only computer people are going to have in emerging markets. in india a government regulator just put out a report, four times as many people getting on the web on their phones as on their pc. >> what about that? do you buy into some of these trends or are you just literally looking very specifically at dividend plays and value plays? >> well, one of the things that we've seen is the u.s. consumer and consumer around the world is actually continuing to buy stuff, which is great. you would think that with the challenges the consumer has faced over the last year or so in deleveraging and everything else and the job market the way it is the consumers wouldn't be spending. but one of the things that we're hopeful about with the economy is that the consumer's actually out there spending money. >> well, what about the market here? you're talking about a market that's up 50% from the bottom on march 9th or so. >> we think right now we're pretty much as close to a maximum value point for the moment. when third quarter earnings come out, we expect them to be pleasing enough that the m
CNBC
Aug 12, 2009 12:00am EDT
% over the last couple of days. obviously commodities leading you down but china and india very heavy. this is all coming on reasonable volume as well. >> drop for hillary clinton, our secretary of state getting a little toughy, shall we say. getting peeved when someone asked her a question about bill's thoughts. take a look. >> clinton through the bout of -- >> wait, you want me to tell you what my husband thinks? my husband is not the secretary of state. i am. >> no, he isn't. a pop here for bill clinton? the former president, bubba, celebrating his 63rd birthday early in, where else, vegas, baby, vegas. while attending the national clean energy summit. clean energy summit. in quotes. >> very clean. >> holding court at the famous crab stick restaurant at the mgm hotel. >> unbelievable. >> what happens in vegas stays in vegas. up next, what you have all been waiting for. the one, the only regis philbin is in the house. he's here live at the nasdaq. om for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops ca
CNBC
Aug 20, 2009 4:00pm EDT
countries, brazil, india, russiaa, china. russia is still one of the ones you want to be invested? i recognize as oil goes higher it's positive but russia was sort of the outlier there for a little while. >> i'd say we're most focused, you know, at morgan stanley investment management we have an investment emerging markets portfolio manager rushi sharma. i agree with him. we very much like the india story. i'm probably a little more positive on brazil. but we want to stay in the big liquid countries. and we also have a positive bias toward some of the smaller countries where we're seeing catch-up, things like turkey. but there's a lot of interesting things going on in the u.s. versus global. take china versus the u.s. right now. china's financials are trading at almost three times book. the u.s. financials are trading at one times book. and in the near term i think the chinese banks will continue to do well, but ultimately they're going to participate price the way u.s. banks did from excessive lending along the way. there's going to be opportunity we do long, we do long short, and t
CNBC
Aug 26, 2009 4:00am EDT
for the future. >> jean-marc boursier, thank you. thank you. >> in line with the rest of asia today, india is trading higher. we're joined now by ayesha faridi. thanks for that, maura. tale, it's been quite a choppy day. while it has struggled or tried not to hit the 4700 mark for the nifty, it isn't really being able to do that. it has made many attempts now for the trading session. all indices are in the green, but a big winner, indeed, or trade is indeed in force and the entire i.t. pack. clst is a brokerage which has been bearish on the entire i.t. space in india and is upgraded and it has upped the price target, as well. and they do also believe that they may beat fy '10 guidance and that is bringing volatility to the space, including in the midcap space. another stock in focus is united which is down by almost 2% in trade today. here is the news why. they have now called off stocks for diaggio sizing high evaluations and anti-trust issues as to why it was called off. it's a sentiment and a dampener with knee jerk reactions coming into it there. meantime, of course, we have a couple o
CNBC
Aug 27, 2009 12:00pm EDT
is rolling out it's high-end bikes in india next year. india is the big second biggest motorcycle market. >>> so the cash for clunkers program, the tally is in, almost 700,000 vehicles sold in the roughly two-and-a-half months this program was under way. yes, eight out of ten of the top ten vehicles sold were foreign-made. foreign brands. many of them built in the united states, though. but the success of this program, should it be expanded to other areas, cash for appliances, for example? firing off on the power grid, former clinton white house staffer david goodfriend, and gm berkman and associates. you know how it works. 20 seconds to make your case. jack, you probably don't even need 20 seconds to tell us why you don't think it should be expa expanded. >> carl marx said don't worry about america, they will spend themselves out of existence. i think he was right. we're diverting capital where it should not be. you've got an artificial industry with artificial jobs. now the government is stimulating artificial purchases within that artificial industry. we're reaching levels of absurdit
CNBC
Aug 4, 2009 4:00am EDT
for that report. >> in india, ayesha faridi joins us live for the india business report. >> we participated in the global rally today. yesterday it clocked a new high for ourselves and the nifty clocked that or cruised past that 4,700 mark. today, the markets chose to consolidate. the biggest drav dragger is oil and gas heavyweight, which is why you're seeing the nifty break away and increase those values. tata motors is your biggest gainer for today, at almost 6.5% gains. there are also rumors in the market that they may get the loan guarantee approved for the government for bridge loan acquisition of land rover. besides that, most of the commodity stocks have been doing very well. you've got auto ancillary stocks looking very well. the monthly sales numbers that came out for auto stocks and infillry stocks are picking up in trade amid the mid and the small caps are holding up, as well. >>> elsewhere, we are looking at euro's biggest bank, hsbc, the company could soon be one of the first foreign companies to list in shanghai. reuters says it could raise up to $7.3 billion in a shanghai ipo
CNBC
Aug 5, 2009 12:00pm EDT
with india for 60 a ton. these stocks have value that i think a lot of the analysts have missed. technically watch the stock today, a break of 99, very bullish for potash. >>> do you guy or sell, dr. j? >> i would like to see us get softer into the tail end of today. think we ease into tomorrow setting up nicely for a surprise on friday. >> you called me michelle again. >> well, michelle, i think -- >> well, dave, what do you think? >> nice. >> i was a buyer going into yesterday, got even going home. i'm a seller today. i think there's some problems. i'm a little bit short right now, will get a little shorter. >> what do you say? >> melissa, i would say that i'm a seller going into market today. >> tom? >> yeah, tommy tells you this market is going higher, sit tight and maggie, i hope everything goes well for you. >> it's tim, dr. j., dennis and daniel hughes. do not miss, tonight we're going to talk about cisco on the yaf hours trade. a power lunch debate. is twitter in trouble? michelle, what is on tap there? >> you notice how many names begin with m on this network. >> chances are if you
CNBC
Aug 4, 2009 7:00pm EDT
brazil, china, india, they have done significantly better. >> that's good. it means the market is growing and they start from a lower base. what triggers the pullback? what's the pullback trigger  risk, jim lacamp? >> i think there is a realization we may have hit  point a where the economy is starting to trough but point b is a long way away, consumer incomes down, consumer spending very sluggish, this recovery is very slow in the making. >> consumer incomes were terrible in today's spending and income report. we got to see better hours worked and jobs. real fast, jack gage? we having a recovery? not just a market but is there going to be a recovery the second half of this year. >> i believe there will be a recovery the second half of this year. however some of the policies they're talking about now, if put in place, that will be very damaging, real consequences on the front for middle class workers. >> the second half of the year and best to come in 2010. >> very bullish. thank you, gentlemen. coming up. much more on "the kudlow report." cash for clunker, catch me tomorrow morni
CNBC
Aug 7, 2009 7:00pm EDT
up for canada, brazil, india. how much do you want? the evidence is clear cut, we'll have rising real gdp in practically every significant country in the world in the third quarter. >> where should they go right now? they missed a chunk of this rally, we're still about 40% below the peak of october 2007. do i deare believe we can achiee those peaks and what do we do to get to them. >> they need to define their goals and find what the right asset allocation is for them. if they're 100 answ% in stocks can't afford it, they better zero down. they need to check to see if they don't need to change. they're trying to figure out if the stock market will go up or down for the next month and that will determine what will do with my retirement money. that's crazy, insane. you have to go back, never a wrong time to go to the right asset allocation. stop paying attention to short term fluctuations. >> robert, what's your best short term investment or two? you're in st. louis, if i'm not mistaken. what do you tell the heartland folks and main street investors? >> we like infrastructure. we think b
CNBC
Aug 20, 2009 12:00am EDT
they found out with. under $2. they're pushing to $3. they think demand is real. they point to china, india. if there's a demand, a true middle class growing out right now, that's what we're looking for. >> is there an economic barometer for economic activity? it's not the same incident that the u.s. stock market is for the u.s. economy. it's nonanticipatory in any way. >> down 20% in the last three weeks, petra down 20% from july 28 and the local market is down 7%. same thing with sinopex. a lot of the big cap names. that's a disconnect i don't feel comfortable playing. >> something you can't play. >> you've got to prefer to play some of the american plays, whether it's a three-point -- or going global. >> china. >> get the exposure. you don't know about them. those aren't investments. those are trades. >> let's bring in dennis guardman of the guardman letter. he's got expertise in the commodities market, certainly. the commodity king is his nickname. dennis, always a pleasure to see you. we've been having a very heated debate -- not so much on the debate. but are you looking at the shangh
FOX News
Aug 3, 2009 4:00pm EDT
, fuel bills? how does that make our country more competitive with countries like china or india or others who are not going to burden their people with such taxes? how is that going to help jobs? neil: details, governor. silly little factual details. always a pleasure. thank you. meanwhile, stocks up as the economy continues to pick up. the dow soared 115 points, but the s&p 500 back above 1000, first time since last fall. nasdaq jumped more than 30 points, back above 2004 the first time since last fall. oil picking up. $70 a barrel on news that we are running out fast. >> did you hear george allen say there is only two ways to do that -- tax your way out of it or inflate the currency? that is what is happening. you print a lot of money to pay for the programs. when you do that, the value of the money goes down. everything you want to buy with the money has to go up. that is what is going on. we are on an 18-month low on the value of the u.s. dollar. coincidently? i think not, that oil is on a very strong rise. i think we are going to see $100 a barrel of oil by the end of the y
CNBC
Aug 6, 2009 9:00am EDT
're also positioned around the world in india, china, mexico, et cetera, very well. so i like our balance, i like our hand, erin if i think this quarter was a good step in the right correction. >> all right. mark haines is looking forward to many years. >> it will be fun, mark. erin, good to talk to you again. >> good to see you, john. >> made me sound like a terrier who won't let go of the bone. >> it's your job, mark. it's a compliment. >>> up next, the faber report, starring the man named as the sexiest business reporter. >> oh, yes. >> by "business insider." david pouring overcome cast and directv results. >> and later, your cnbc edge, hang tight through the correction, there will be a rally on the other side of the rainbow. ♪ ♪ (tucci) count on the nation's fastest 3g network. at&t announcer: some people buy a car based on the deal they get. - others buy the car of their dreams. - ( beeps ) during the lexus golden opportunity sales event, you can do both. it's an opportunity today. it's a lexus forever. special lease offers now available on the 2009 es 350. >>> you're watching cn
CNBC
Aug 7, 2009 9:00am EDT
seng fell 2 1/2%. shanghai composite down 2.9%. india's bombay sensex is down. guy? >> narc, the get go of the session, we were in negative territory. you follow what happened in asia. payroll has changed that all around. you are seeing the futures numbers. you can see it as we speak acro across europe. we've now got most of the main markets trading in positive territory. let me show you the spike we got in the stoxx 600. this is the story, instantaneous reaction to that number. stoxx 600 is trading at a session high here in europe. we are up by 1%. as you can see, most of the morning spent in negative territory. let me talk about some of the stories that aren't moving the market over on our side of the pond. royal bank, very negative today. much more negative than anticipated. it missed on the metrics today with its figures. the real thing that struck the market, though, was the comments that came out of steven, the ceo. i spoke with him first thing this morning. he was much more cautious than lloyd was earlier on this week. he is talking about two years at least in terms of getting th
CBS
Aug 22, 2009 8:00am EDT
the painful answers for seattle's mystery man. >>> and field of dreams. a reality show in india proved again that dreams really do come true and these two men are proving it, playing a little baseball, down in florida. early this saturday morning, august 22nd, 2009. captioning funded by cbs >>> hi, everybody. welcome to "the early show" here on a saturday morning. i'm chris wragge. >> iraq erica hill. great to have you with us today. august 22nd already. >> it is crazy. you know what is crazier? there are some children back to school. for some of you parents, it is a good thing. but kids back in the schools in mid-august. >> parts of the country, they're back. >> for those of you that aren't back yet or don't have everything you need, you're in luck. we're doing a little back to school bargainista shopping today. live to an office depot in new jersey, we'll go up and down the aisles, find you the best deals for everything you need on that list. >> the best time to shop now at 7:00 a.m. eastern. >> no one is in the store. grab a cup of coffee after "the early show" and head on out. >> we all
CNBC
Aug 25, 2009 12:00am EDT
that there is a middle class building over in china, possibly over in india. if there's growth over there, that's what's pushing this trade right now. look at those fuel stocks, look at the coal stocks. something's pushing them. there is demand. the imports just keep on coming higher and higher. >> give me a name of a coal stock. >> i'll give you my best name would be peabody, but even console, console hadn't shipped in four years over to china. they had their first ship this past month. so it gives you an idea, demand is coming back over there. >> there's a whole transportation trade with this -- >> what pete's saying is an important point, because when china reaches out for metallurgic coal, which is what the command is out of asia right now, and comes all the way to the u.s. shores, that shows you how much interest there is in that actual physical commodity going forward. >> i don't know if you have a chart of it, but walter is one i would bring up. metallurgic company ships abroad, incredible chart. we talked about it last monday, $51, finished the week at $58, today traded just over $62 that give
CNBC
Aug 26, 2009 4:00pm EDT
profits from india's tata steel looking to soar on reports of higher prices and improving demand. tune in to cnbc world to catch all the action overseas. at cnbc's asia headquarters i'm adam bakhtiar going global with your money. >>> well, high-yield bond funds have had a good month so far. 30-plus percent year returns attracting almost $15 billion in assets. has the rally begun to run too far too fast? joined by jim keegan of the ridgeworth immediate bond fund and brendan white of the touchstone high yield bond fund. gentlemen, good to have you on the program. what's your thoughts, jim? >> at this point, maria, all risky assets have run very far very fast in a short period of time and our view right now is the economy is experiencing what we consider to be transitory growth and it's all about the consumer. the consumer is the lynchpin to the u.s. economy and the global economy and we just see that there's a secular change going on in consumer spending behavior driven by four factors -- less consumption, higher savings, less leverage, more regulation, and higher taxes. >> so what do yo
CNBC
Aug 27, 2009 4:00pm EDT
for a hearing. >>> harley davidson sunounci i e announcing plans to sell its motorcycles in india next year. they're hoping the middle class will trade in smaller, more inexpensive motorcycles for its hogs. >>> what's ahead on "fast money"? hi, rick. >> hi. the traders are going to be breaking down today. stock reversal. give you the plays for tomorrow. >>> plus, hey, we've got the latest from dell's conference call. and the traders and i, of course, are live at 5:00. >> i'll see you in five minutes, rick. thanks so much. >>> up next, several key events tomorrow could have an impact on trading. we'll break it down, what you need to know when the opening bell sounds on friday. some people buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 es 350. and you know what, it works. nutrisystem for men: flexible new programs personalized to meet your goals. what's great about nutrisystem is you eat the foods you love and you lose weight. i'm dan marino. i lost 22 pou
CNBC
Aug 28, 2009 3:00pm EDT
over opec. it doesn't exercise jurisdiction over china and india's buying of commodities. and it only somewhat exercises jurisdiction over oil companies. they do, however, exercise jurisdiction over users of futures. that's why i think we become the focus. >> right. is it possible -- gary gensler is the head of the cftc. he's been on our program many times. is it possible to say that mr. gensler is between a rock and a hard place right now, that he's got a lot of pressure, that there are people who honestly believe there are dark, maybe mysterious force that's are manipulating things, particularly commodities out there, he wants to get a satisfactory answer? how can he do this without causing so much damage to the markets? what should mr. gensler be doing? >> he's got to look at data. he's got to look hard at what's driving the market and not just take the simple story at face value. if you actually dig in, there are probably good regulations to be had in here, but excluding individual investors from the commodities market by getting rid of commodity etfs can't be the right answer. >>
CNBC
Aug 31, 2009 6:00pm EDT
revise it. i had to revise it because it did not include brazil, russia, india, china. and i revised it in this one. i revised it in "jim cramer's mad money." and what i would tell you is where we are is about to turn up. we are literally in the cycle, and i'll just flash it in the book. we're right here, about to turn up. and if you saw it, you would say we're at the bottom right-hand portion of the letter u. that's where we are. carrie in florida. carrie. >> caller: hi. 60% boo-yah, jim. >> nice boo-yah. nice sunshine boo-yah. >> caller: thanks for getting me in the game. >> i appreciate that you're in the game because it's vital. this is the only game. your paycheck is not going to get you. you've got to be in this one and you've got to stay in it, which is why we have a lot of rules. what's up? >> caller: being an entrepreneur i'm always looking for a game-changing developmental product to come from developmental companies. these stocks need a little extra scrutiny before they come into the spec side of my portfolio. >> right. >> caller: i carry all these products up to the new m
CNBC
Aug 3, 2009 4:00pm EDT
. now asia is producing for asia. because we have this very big market of china.a. we have india as well. and japan is still a very big economy, even if it's in recession. >> the world is watching to see how china will make this transition from an export-led economy to a consumer-led economy. you think that transition is well on its way? >> we are seeing it. we are feeling it in the philippines. china buys of course a lot of electronics and minerals from us, which fuels their industries, which are also export oriented. but at the same time china is buying a lot of fruits from the philippines, and that is for the consumer economy. >> i want to get your take with regard to what's happening in regard to rice. a couple of years ago we saw rice prices soar. how do you avoid a situation like that happening again? >> well, we've learned a lesson. the economics of rice has changed. because you know, like the philippines, we are -- rice is our staple. we really eat rice all the time and in big quantities.s. but our country is an ark pell ago with lots of mountains and we don't have great plains l
CNBC
Aug 11, 2009 3:00pm EDT
, russia, india and china, the so-called brix don't have a lot in common. the russian economy shrank 11% last quarter, an the largest contraction on record. plummeting commodity prices among the reasons and the government's failure to approve a stimulus package. car sales have been hit particularly hard down 50% in the first seven months of this year. the largest general motors dealership in moscow. compare russia with its neighbor china. massive $586 billion stimulus plan has so far been successful in part due to reliance coupons for direct purchases of things like cars and washing machines. from april to june, the economy grew at a reported 8%, goldman sachs predicts that growth will top 9% for the year. a lot of people are skeptical of it. stuck certainly have great questions about the magnitude. the real question is, should there be a new brick -- a new i, indonesia has as morgan stanley has proposed. thanks for watching. coming in on the closing bell. >> the treasury saw stronger than average demand in its say of $37 billion in three-year notes, part of the record sale of debt this
CNBC
Aug 13, 2009 5:00pm EDT
has a way to trade it. >> quick supplies, the shortages is coming out of india. and also brazil, where a lot of the sugar is being allocated toward ethanol. there's not a lot of ways to play this. czz is the biggest producer down in brazil and in latin america. some of that is going to what's becoming a very profitable ethanol trade. the other one is corn products international, which is a company in illinois which is $2.5 billion company that makes corn sweeteners. artificial sweeteners may be the part of this trade that works. both of these stocks have priced in a significant part of this move, but for corn products, they may start to see a totally different client base. sugar was off 3% today. there's a lot of political pressure on the obama administration by the industry, kelloggs and generreral mills, are going to pass on higher prices to the consumer if they don't import more sugar. so watch this trade. >> sugar is trading 22 cents back in 1974 when you probably weren't even with us. >> i was around. >> i don't think you were. >> i'm very, very young. >> price of sugar, 66 cents.
CNBC
Aug 14, 2009 11:00am EDT
, france and germany in recovery in the second quarter. we know china. we know india. i mean, aren't these favorable conditions, mohammed may be right about a short-term pull back. but you look at the global scene, you look at the u.s. scene, really isn't this the moment? >> i don't think anybody is debating that the trajectory is certainly improving. i think that the real question here is matching up where expectations reside relative to where securities are valued at this point in the cycle. and i think it's absolutely reasonable after this massive move off what we're quite admittedly over sold levels in march, for us to take a break and think about just how realistic a 25% earnings growth rate is going to be in 2010, because right now, that's about where this market is assuming. >> okay, so craig, how long a break? you say take a break. when are things going to actually shift is and move upward in your opinion? >> we have got to get through the next cycle of corporate earnings. coming out of the second quarter, this market had a terrific sense of relief, because earnings estimat
CNBC
Aug 17, 2009 3:00pm EDT
and domestic fund holders sold equities in india in the past week. what do you make of the chinese story here? >> what i would read into that is china's been the leading indicator of all the economies throughout the world in that they've put their money to work a lot more aggressively than we have where there's a lot of bipartisan debate as to how quickly orr where the money should go. they put it to work and restocked commodities across the boor and that on a week over week basis has been slowing down and if you look at the baltic dry index it's actually down 26% from the june highs and put the june together, slower baltic dry index that's come down, and people sense that perhaps they're taking a step back and the economy that's been surging throughout the world. people are a little bit nervous, and it's hard to argue points made earlier. but i think the best way to go about investing right now is to buy high-quality growth stocks that aren't dependent on the capital markets, that are doing well despite the structural problems that still exist. >> you mention a good point in terms of the bal
CNBC
Aug 19, 2009 3:00pm EDT
because the long-term demand from emerging nations like china and india will in fact drive prices higher, but in the short term it's been that stimulus in china. they've basically stimulated their way to prosperity, but it can only go so far, again, because they're an export economy, unlike us. so unless somebody's there to buy their goods, it can only go so far. >> let me ask you quickly on china, is the chinese market the pullback of 20% over the last two weeks that we've seen in the shanghai market, is it telling us something? the chinese market was first to rebound before we did and first to perhaps top out before we did. >> totally agree with that. in fact, some of the stimulus has been the chinese stock market itself. because really it's a command control economy. once they know the money's not coming in, the market goes right down. so we keep away from that. and the implication is that they've been driving commodity prices higher where rest of the world hasn't had end demand. you wonder how that happened. so our concern is we're going to have a dip before it goes back up. >> you k
CNBC
Aug 20, 2009 5:00pm EDT
% that are not going to change overnight. the top three producers are brazil, india and pakistan where you have heavy weather conditions that are bringing down productions. bottom line is to finish food products, this is a big, big deal. got a huge impact on food prices for people at general mills, kelloggs. watch that in their costs for next quarter. right now, play it with czz down in brazil. they're priced at 13 to 14 cents a pound. it's now around 30. they're minting money. corn products international, cpo, this is corn sweeteners or alternatives to sugar. this trade is not going to go away. this is not a case of a commodity trade that's gone through a squeeze on speculation. this is a change in the dynamics of sugar. >> would you say it's a buy right now? the run-up on that stock was scary. >> you'll get upgrades on earnings. they're priced off of sugars. that's half of where it's trading now. they've been trading that way for the last six to nine months. and also, they are specifically -- they're now a much levered play than they were last year. ethanol is the other big part of their business.
CNBC
Aug 10, 2009 6:00am EDT
coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you get beyond the 12-month rice, you're talking politics s rather than economics. it will be highly unusual after fiscal stimulation in the monetary stimulation, injected in the economy didn't have the intended effect. >> over the weekend barron's said you would almost prefer a return that's tepid, because as long as the economy is subpar, less politicians are, they can't force through legislation, you go along with that or would you rather have a booming recovery? >> no. steady as she goes. >> really? >> give opportunity for the excesses to unwind. same thing for the stock market. our target at the beginning of the year, my vice chairman, a grea
CNBC
Aug 13, 2009 9:00am EDT
's happening in china and india. >> yeah. see, here's the problem. i can't pull into the gas station and say, oh, that's above the fair market value. i'm only going to give you $1.95 a gallon. how much of this -- you said it was speculative. is it still liquidity -- a liquidity driven phenomenon? there's a lot of liquidity going into the market. >> you can't do a thing about it right now. obviously there's a lot of money on the sidelines that look for asset based investments right now. oil is becoming an investment right now so many different individuals. the fact that we're trades in the $70s and oil is nearly spilling on the ground in the united states, the consumers are so down and out right now. the fact that we are trading above fair value that will be rectified here very soon. >> conceivably, we could really -- oil prices could really crater? >> we think that we have the supply is nearly at an all-time highs right now. opec has -- >> we should be, what, $30? >> we should be probably around $50 to $55. we do have china and india. their economies are doing well. the u.s. is still by far
CNBC
Aug 13, 2009 12:00pm EDT
, crop shortages in this brazil and india, big talk. tradertalk.cnbc.com. >> bob, technology still holding up, nasdaq up 7.5 points. i take you to wall and show you big cap technology stocks. the story today dictated by apple. barclays capital raising the price target to 208 from 188, not only like the product line but free cash flow. stocks up 1.75%. microsoft strong, as well, 1%, talking about the zzunor next month. look at what is happening in the chips base. 1% for the semiconductor index, names internally within that intel, qualcomm, and r.w. baird. palm, jim goldman was telling you on the menu, smart phones, palm is up 4%, despite the fact it was cut to sell at morgan joseph, and an upgrade at morgan keegan. >> the question we often ask so many times, what's driving crude oil? we have two charts here that really put it in focus. first take a look at oil versus the dollar. the dollar has been down all day, but it's been so steady and you see the volatility in oil. so, okay, now flip it. take a look at oil versus the s&p 500. it's pretty clear, based just on those charts, and t
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